DENVER--(BUSINESS WIRE)--Today Rivet Software, the leading provider of XBRL financial reporting and analytics solutions, released Q2 reporting period performance results showing the highest number of filings produced to date for the pany. Rivet Software streamlines public panies’ internal and external financial reporting using XBRL, the new global language of finance. The SEC began requiring filings in XBRL in early 2009 and Rivet has now served over 1500 public panies, including 31% of the Fortune 500.

“We are on target for a 200% increase in produced filings this quarter from Q1. Rivet employees have worked diligently to ensure our clients file their submissions aurately and on time,” said Patrick Quinlan, CEO of Rivet Software. “We endeavor to make each reporting cycle a more seamless and effortless process for our clients. We help them not only improve their *external* reporting process, but also ensure their *internal* reporting processes are easier and more efficient.”

Rivet Software will handle an additional 1000 filings this reporting period over last period, twice the average increase of the next five largest petitors, aording to current XBRL Cloud data. Quinlan credits managing an increased workload to new features in the Crossfire 4.1 Software Platform that double productivity by giving users more ntrol, and allowing scalability and speed in querying reports.

Of the over twenty XBRL service providers, Rivet Software is one of only two providers to grow for six nsecutive quarters. Rivet has submitted over 3200 filings since 2009, and feedback from clients suggests efficiency gains from a public pany’s first XBRL filing to the fourth filing are substantial.

Along with its Q2 rerd suess, Rivet Software has also placed 6^th in the software pany category and 60^th overall among the 2011 Inc. 500|5000 fastest-growing private panies in America, with 3,466.5% growth in the past 3 years. Inc. magazine has been the premier print publication for entrepreneurs and business owners for more than 30 years, and more recently has bee known for its Inc. 500|5000 list and the annual events it hosts.

"If you want to know which panies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “"Now, more than ever, we depend on Inc. 500|5000 panies to spur innovation, provide jobs, and drive the enomy forward. Growth panies, not large rporations, are where the action is."

Rivet Software is honored to be included in the 2011 Inc. 500|5000 fastest-growing panies list. For more information about the pany, visit RivetSoftware..

About Rivet Software

Founded in 2002 and headquartered in Denver, Rivet Software is at the forefront of standards-based business reporting and analytics. Rivet empowers panies with ntrol over the authoring, aggregation, and analysis of their internal and external financial information to help advance the transformation of business munication worldwide. This privately-owned technology pany works with more Fortune 500 panies than any other XBRL vendor and emerged from Q4 of 2010 as the XBRL vendor of choice for panies in search of a st-effective, reliable solution for SEC reporting pliance. Rivet is a member of XBRLUS and the lorado Technology Association. RivetSoftware.